What is Total Return Securities Fund's Shariah compliance score?

Total Return Securities Fund's (SWZ) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Total Return Securities Fund pass AAOIFI screening?

Total Return Securities Fund (SWZ) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (SWZ: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Total Return Securities Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Total Return Securities Fund (SWZ) using the latest financial data.

Where can I screen Total Return Securities Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Total Return Securities Fund (SWZ) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about SWZ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

SWZ: Is Total Return Securities Fund Halal?

Total Return Securities Fund

NYSEFinancial ServicesUS

$5.95

+0.08%

Market Cap: 77.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Total Return Securities Fund (SWZ) halal? Not Halal. Based on AAOIFI screening, Total Return Securities Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

36.7% of 5.0% limit

55% of the basket's holdings were screened individually.

About Total Return Securities Fund

Total Return Securities Fund (formerly The Swiss Helvetia Fund) is a non-diversified, closed-end management investment company that, following a February 2025 shareholder vote, replaced its prior mandate of investing in Swiss equities with a broader objective of long-term total return. Now advised by Bulldog Investors, LLP, the fund primarily purchases U.S. securities or other assets viewed as undervalued at purchase, pursuing a three-pronged approach of long-term undervalued equities, shareholder activism to unlock value, and event-driven or arbitrage opportunities, including closed-end fund discount plays.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (36.7%)

Basket Composition

55% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

16%

37%

45%

Halal16%

Doubtful2%

Not Halal37%

Unknown45%

Top Holdings

BRK-BBerkshire Hathaway Inc.Not Halal7.76%VLGEAVillage Super Market Inc.Halal7.76%CETCentral Securities CorporationUnder Review7.20%Alexanders IncUnknown7.15%Fidelity Colchester Street TrustNot Halal5.66%Short-Term Invts TNot Halal5.66%Norwood Finl CorpUnknown5.40%TRCTejon Ranch CoNot Halal5.29%Chubb Ltd. SwitzerlandUnknown4.93%ELMEElme CommunitiesNot Halal4.34%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Total Return Securities Fund (SWZ) halal to invest in?

Total Return Securities Fund (SWZ) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Total Return Securities Fund get a F compliance rating?

Total Return Securities Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Total Return Securities Fund's Shariah verdict?

Total Return Securities Fund's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Total Return Securities Fund re-screened for Shariah compliance?

Total Return Securities Fund (SWZ) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.